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TBC Bank posts robust annual profit on loan book growth

Feb 20 (Reuters) - Georgia’s largest retail lender TBC Bank Group posted a 20% surge in annual underlying profit on Thursday as a strong economic backdrop in the region supported lending.

The FTSE 250-listed bank said underlying profit climbed to 545.1 million lari ($193.99 million) for the year ended Dec. 31, from 454.9 million lari ($161.89 million) a year earlier.

$1 = 2.8100 laris Reporting by Muvija M in Bengaluru; Editing by Arun Koyyur

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